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Posted by
Two Blokes Jun 21 -
Filed in
Stock
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5 views
Coinbase's stablecoin revenue has grown considerably in recent years. With institutional adoption on the horizon, the stock has considerable exposure to a new kind of institutional investment cycle, one focused on crypto's payment rails. Trading at only 18x Adjusted EBITDA, (as a run-rate) we think the stock appears quite reasonably priced.
